USD/JPY: Early sell-off attributed to Honda's comments

FXStreet (Bali) - According to reports via MNI, the sharp slide in USD/JPY earlier on is being attributed to comments crossing the wires by government's Adviser Honda, who suggested that the exchange rate may be reaching the upper limit of what is seen as relatively acceptable.

Mar 3, 2015

USD/JPY might see a dip towards 119.00-118.70 – Kshitij Consultancy

The Kshitij Consultancy Team expects USD/JPY to see a dip towards 119.00-118.70 levels, expecting the chances of a fresh rise as being unlikely.

BoJ to step up easing at the July meeting – Barclays

The Research Team at Barclays, notes that BoJ is likely to step up its monetary easing stance via ETF purchases at its July meeting, and further comment on the effect of the weaker Yen on exports.